Menzgold lawyers deny knowing about payment schedule

Menzgold lawyers deny knowing about payment schedule

Information reaching indicates that the lawyers for defunct gold dealership firm, Menzgold say they are unable to undertake the payment of customers as instructed by the company.

On Wednesday, Menzgold announced that it was commencing payment of customers from Friday, December 27, 2019; a process that would span a 36-month period.

However, Kwame Akuffo & Co. in a press statement said it has informed the Client [Menzgold] that the firm does not have the capacity to carry out the said exercise.

READ ALSO: Stonebwoy opens BHIM store in Ashaiman; announces'high' prices of shirts and slippers

“The firm is, therefore, unable to accept instructions in that regard,” the statement added.

Head of Communications of Menzgold, Nii Amarh Amarteifio, in a statement, revealed and provided a detailed payment schedule and formula to be employed in making the disbursement.

He indicated that since the company’s assets remain frozen and it cannot access any of its bank accounts, their lawyers shall agree with claimants upon invitation, as to where and how to legally receive payment.

READ ALSO: Menzgold sets December 27, 2019 as date for payment to clients earlier reported that Menzgold Company Limited has finally released the date for payment to clients.

According to the information gathered by, the payment will start from December 27, 2019.

The date is contained in a press release issued by the company.

READ ALSO: Nigerian actress Mercy Johnson expecting 4th baby; breaks internet with baby bump photos

Have national and human interest issues to discuss?

Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: Yen

Online view pixel